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January 13, 2012
DEVOLIN ANNOUNCES SUPPORT FOR ECONOMIC GROWTH IN BROCK
TOWNSHIP
CANNINGTON: Local MP Barry Devolin, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), today announced that the South Lake Community Futures Development Corporation (SLCFDC) is once-again ready for businesses and organizations in Brock Township to develop and submit applications for funding from the Eastern Ontario Development Program (EODP).
This follows a recent announcement by the Government of Canada to invest $30 million over the next three years to support the renewal of the Eastern Ontario Development Program, resulting in a greater number of economic development initiatives and improved partnerships throughout this riding.
“This additional investment in the Eastern Ontario Development Program will offer new opportunities for the people, businesses and communities in our region," said Devolin. "I have always said, CFDC's have a very effective formula for assisting the communities they serve by using experienced professionals on their board to make decisions on priority files in the towns in which they live."
“We are extremely pleased to be able to again deliver EODP in the Brock Township - and this time through to 2014.”, said Paul Nicholls, Chair of the SLCFDC Board of Directors. “We have to thank the Government of Canada for including it initially in their February budget, Barry Devolin and the other Eastern Ontario MPs for the strong support to bring EODP back, and the positive evaluation of the Program undertaken by FedDev Ontario, which provided a clear demonstration of its value to the communities across Eastern Ontario. We look forward to meeting the goals of the new EODP Program and delivering clear economic benefits to Brock Township as a result.”
"One of the big changes is that while each year has a ‘hard stop’ on March 31st for fiscal accounting, projects can extend beyond that date; in fact they can go right until March 31, 2014," said Peter Budreo, General Manager of SLCFDC. “We now have a longer timeframe and look to see impactful, more strategic initiatives happen but it is important to be aware that there are funds available now for projects ending in early 2012.”
The Program is managed by FedDev Ontario and funding will be delivered by 15 Community Futures Development Corporations located throughout rural Eastern Ontario.
To find out more about the Eastern Ontario Development Program and how to access program funding, please refer to the backgrounder or visit the FedDev Ontario website at
www.feddevontario.gc.ca.
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For more information, contact:
Barry Devolin, MP
(705) 324-2400 or (866) 688-9881
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